Harsco’s Rail Business Awarded Multi-Year Contract for UK Rail Grinding Services
April 13 2016 - 4:15PM
Global industrial company Harsco Corporation (NYSE:HSC) announced
today that its Harsco Rail track maintenance business has been
awarded a multi-year contract in the UK valued at more than $40
million.
The award from Network Rail continues a long-standing
contracting service from Harsco Rail that began in 2004, under
which Harsco operates and maintains a fleet of precision rail
grinders on Network Rail’s behalf. The units re-profile
railhead contours for extended rail life and smoother operation,
thus reducing fuel consumption, operating costs and noise.
Grinding also corrects surface damage that could lead to rail
fractures.
The program provides nationwide, 24/7 service, maintaining
complex switch and crossing trackwork from the north of Scotland to
the south of England. Network Rail is the owner and
infrastructure manager of most of the rail network in the UK,
currently the fastest-growing rail system in Europe.
Announcing the latest award, Harsco Rail’s Managing Director for
the UK, Mark Emmerson said, “Our success in retaining these
contracts is a testament to the efforts of our staff involved in
delivering a safe and reliable service, evidenced by our excellent
performance statistics in these areas.”
Rail grinding is one part of a comprehensive range of services
and equipment that Harsco Rail provides to customers worldwide for
the maintenance, repair and new construction of railway
track. To learn more, visit www.harscorail.com.
About Harsco CorporationHarsco
Corporation is a diversified industrial company providing a range
of onsite services and engineered products to the global steel,
energy and railway sectors. Harsco’s common stock is a
component of the S&P SmallCap 600 Index and the Russell 2000
Index. Additional information can be found at
www.harsco.com.
Investor Contact
David Martin
717.612.5628
damartin@harsco.com
Media Contact
Kenneth Julian
717.730.3683
kjulian@harsco.com
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